Shares of Walt Disney Co. DIS, -0.90% increased 1.9% in the aftermarket trading on Thursday after the company reported fourth…
Shares of Walt Disney Co.
increased 1.9% in the aftermarket trading on Thursday after the company reported fourth quarter earnings that hit expectations. Profit for the last quarter increased to $ 2.32 billion, or $ 1.55 per share, from $ 1.75 billion, or $ 1.13 per share, compared with the previous quarter. Adjusted EPS was $ 1.48 per share and beat the FactSet consensus of $ 1.34. Revenue amounted to $ 14.3 billion, leading to a $ 13.7 billion agreement on FactSet and an increase of 12% from $ 1
2.8 billion a year ago. Revenue from the company’s media network increased to $ 596 billion, an increase of 9% from $ 5.47 billion a year ago. Revenues from parks and resorts came in at $ 5.07 billion, 9% from $ 4.67 billion a year ago. Disney’s studio retention segment contributed $ 2.1 billion to revenue, an increase of $ 1.43 billion last year due to strong cash account numbers from “Black Panther”, “Star Wars: The Last Jedi”, “Avengers: Infinity War” and “Incredibles 2.” Revenue from consumer and interactive media fell to $ 1.12 billion, down 8% from $ 1.22 billion compared with the previous quarter. Shares in Disney have increased by 7.9% so far this year, while S & P 500
has won 5% and Dow Jones Industrial Average
DJIA, + 0.04%
has received 5.9%.
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